Wednesday, January 18, 2012

Online Stock Trading in the Philippines

Soon I would be doing online stock trading at the Philippine Stock Exchange. I
was been fascinated and excited about stock trading after hearing a lecture by
a professor from University of the Philippines and after hearing about the
story of the Oracle of Omaha. Right now I am on process of choosing which
online stock broker here in the Philippine would I choose but I trim down my
choices to three online stick broker: the CitisecOnline , BPITrade and
Philstock. To learn more a about services of CitisecOnline and stock trading in
general, I would attend their seminar, “Investing
in the Stock Market Today” on January 24, 2012. I would post here what would I
learn from that seminar.

To be
able to choose which among the three the best based on the criteria that I
learn from reading about online stock trading. All the details is in the table
for analysis.

- PDTC Depositary
Maintenance Fee of
Php 0.000008333 will be charged per month based on market value of holdings
as
of month-end
- If your BPITrade Bank Account falls below the monthly average
daily balance
requirement, you will be charged a service fee of Php 100 per month.

1. Fill up
online registration form
2. Print and sign the form
3. Bring form with two IDs (photocopies included) to BPI branch, BPI Family
Savings Bank branch, or BPI Express Remittance Center
4. Required that you have a savings or current account with
the Bank of the
Philippine Islands, BPI Family Savings Bank, or BPI Direct
Savings Bank

1. Fill up
online registration form
2. Print and sign the form
3. Bring form to office with two IDs

Funding

- Security Bank
- HSBC
- BPI
- www.bpiexpressonline.com
- BDO

- BPI branch
- BPI expressphone or ATM
- www.bpiexpressonline.com

- any BDO
Bank branch

Security

- SSL encryption
- Before every order, login information needs to be re-entered
- Automatic log-off if idle for 15 minutes
- Upon login to the site, the last time logged in will be shown

- SSL encryption
- Information sent to website passes through a firewall
- Required change of password every 120 days
- View all sign-ins and sign-offs times